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Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: Rarebird who wrote (39036)	8/15/1999 9:43:00 PM
From: baystock	Read Replies (1) \| Respond to of 116877

Thanks Rarebird for your thoughts on the ASA chart. <<I don't know where you stand here, but I feel extremely eerie about Goldman's long position on the Comex. >> I think Goldman can only be trusted to do what will help them generate further profits. And their gold trading business may be the sacrificial lamb for their more lucrative derivatives businesses. Personally I think their 1/2 million oz long position is quite small and could just be a deliberate false signal, but who knows. Little investors like me only have limited options...buy low and wait for the turnaround, however long it takes. At the beginning of last week the gold market had just the characteristics I like to see in a potential investment...minimal downside and massive upside. Unfortunately I wasn't prescient enough to invest at the absolute bottom. After the BOE pulled the rug out from under the gold market, my way of dealing with this was to buy more. A fantasy I have that helps me get through these times of dispair in the gold market is that the gold shares will triple over the next year from these recent lows. I then take these gains and plow them into sound growth stocks that get hammered by the Y2K bear market. Two back to back 3x gains would add up to 9x one's initial capital!